Building Bitcoin's Native Credit Layer

Ducat Protocol is a team of fintech operators, Wall Street veterans, and blockchain engineers working to make Bitcoin the foundation for open, non-custodial credit.

What We Believe

Bitcoin is the collateral layer

Bitcoin is the most verifiable, trustless, and liquid asset in the world. It should be the foundation for lending and credit, not an afterthought locked in someone else's custody.

Your keys, always

Borrowing against your BTC shouldn't mean handing it over. Ducat's 2-of-2 Taproot multisig vaults ensure no single party can move your Bitcoin. Not us, not anyone.

Built on Bitcoin, not beside it

No bridges, no sidechains, no L2 dependencies. Every vault, every liquidation, every redemption settles directly on Bitcoin L1. The security model is Bitcoin's security model.

The Founders

David Evans

David Evans

Co-Founder & CEO

Background in fintech. Built a leading crypto publisher before founding Ducat. Early adopter of BTCFi with a track record of execution in emerging markets.

Alex Forshaw

Alex Forshaw

Co-Founder & CPO

Over a decade of Wall Street experience as a long/short equity analyst and portfolio manager. Four years in crypto specialising in stablecoin design and decentralised credit systems.

Lucas Rodriguez Benitez

Lucas Rodriguez Benitez

Co-Founder & CTO

Eight years in blockchain. Previously worked on government defence contracts and a real-world asset-backed stablecoin at END-Labs. Blockchain Lead for Art Basel.

Backed By

Hivemind Capital
CMS
UTXO Management
Echo
Chainlink

Oracle Partner: Chainlink

Ducat worked with Chainlink to build a custom CRE (Chainlink Runtime Environment) integration for Bitcoin. Unlike standard oracle setups, this one delivers price attestations via hash-lock commitments on Bitcoin L1. Guardians cross-check every price against an independent feed before acting on it.

Ready to borrow against your Bitcoin?

Launch App